Invesco Ltd. cut its position in Service Properties Trust (NASDAQ:SVC - Free Report) by 88.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 621,498 shares of the real estate investment trust's stock after selling 4,957,254 shares during the quarter. Invesco Ltd. owned 0.37% of Service Properties Trust worth $1,579,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in SVC. Barclays PLC grew its position in Service Properties Trust by 310.6% during the 3rd quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock worth $1,279,000 after acquiring an additional 212,130 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Service Properties Trust during the third quarter valued at about $170,000. PFG Investments LLC bought a new stake in shares of Service Properties Trust during the fourth quarter worth about $115,000. KBC Group NV increased its stake in shares of Service Properties Trust by 140.6% in the fourth quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 11,491 shares during the period. Finally, EMC Capital Management raised its holdings in Service Properties Trust by 1,031.3% in the 4th quarter. EMC Capital Management now owns 24,459 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 22,297 shares during the last quarter. Institutional investors own 77.62% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on the company. B. Riley initiated coverage on Service Properties Trust in a report on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 target price on the stock. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and lifted their price objective for the stock from $2.50 to $4.00 in a research note on Wednesday, March 19th.
Check Out Our Latest Report on SVC
Service Properties Trust Trading Up 3.7 %
Shares of Service Properties Trust stock traded up $0.07 on Friday, reaching $1.97. 1,531,948 shares of the company's stock were exchanged, compared to its average volume of 2,097,359. The firm's 50-day moving average is $2.32 and its two-hundred day moving average is $2.64. The company has a market capitalization of $328.27 million, a P/E ratio of -1.34 and a beta of 1.77. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. Service Properties Trust has a 52 week low of $1.71 and a 52 week high of $6.34.
Service Properties Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, April 22nd. Service Properties Trust's payout ratio is -2.40%.
Service Properties Trust Profile
(
Free Report)
Service Properties Trust Nasdaq: SVC is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.
Recommended Stories
Before you consider Service Properties Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Properties Trust wasn't on the list.
While Service Properties Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
